Mumbai, Feb. 1 -- In two sessions, the stock has declined 21.90% to currently trade at Rs 558.90, from its recent closing high of Rs 715.60 recorded on 29 January 2026.

The recent selling in this counter was trigger after the company's promoter announced an offer for sale (OFS) to pare its stake in Hindustan Zinc.

Promoter Vedanta Limited had offered a base lot of 3,35,00,000 shares, representing 0.79% of the company's equity. The offer included an oversubscription option for an additional 1,40,77,066 shares or 0.33% stake, taking the total divestment to 4,75,77,066 shares, or 1.13% stake.

As of September 2025, Vedanta Limited held a 61.84% stake in Hindustan Zinc.

The floor price had been set at Rs 685 per share, a discount of 5.73%...